VOL. XXXII
NO. 45
14-AUGUST-1989
Financial and Banking News
REGIONAL BANKING
Jordan Orders Merger of Two Banks
The Jordanian Government on 3 August ordered the merger of two commercialbanks - Petra Bank and Jordan Gulf Bank - in an attempt to save them fromcollapse and strengthen the banking system. The National Economic SecurityCommittee, acting under martial law (which has been in force since 1967),indefinitely suspended dealings in the shares of the two banks on the 'Ammanstock exchange and...
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